Ethereum Classic forecast and analysis on 30 Oct 2018

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Ethereum Classic forecast and analysis on 30 Oct 2018

Cryptocurrency Ethereum ETC Classic/USD is trading at 9.01 and continues movement in the correction. Cryptocurrency trading below the lower border of the Ichimoku Kinko Hyo Cloud, indicating a downward trend. Under the forecast of the course of the Ethereum classic on October 30, 2018, the expected test signal lines Ichimoku Kinko Hyo next to an area of 9.15, where we can expect attempt to rebound and continue to fall cryptocurrency with the aim to near the level of 8.60.

Ethereum Classic forecast and analysis on 30 Oct 2018

Additional signal in favor of fall cryptocurrencies ETC/USD will perform the test of resistance and rebounded from the upper border of the descending channel. Earlier it was obtained a weak signal for selling cryptocurrency Ethereum Classic, due to the intersection of the signal lines at the level of 9.70.

The cancellation option drop in prices of Ethereum Classic is the strong rise and break of the upper border of the Ichimoku Kinko Hyo Cloud with the closure of the above region 9.70, which will point to a change in the downward trend in favor of a rising trend and continued growth of the cryptocurrency. To expect acceleration of falling of quotations ETC/USD is a breakout of the support area and closing below the level of 8.90.

Thus, Ethereum Classic forecast and analysis on October 30, 2018 involves the attempt to develop correction cryptocurrency and test at 9.15, where we can expect further rate fall Ethereum Classic with a potential target near the level of 8.60, cancellation of risk will deliver strong growth and the breakdown region 9.70, which indicates a continued growth rate of digital currency.

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